Bridge Rebalancing, A Great Way To Earn With Swingby
One of the Swingby Network improvements brought by Skypools was the possibility for community members to earn money by actively rebalancing the bridge. The bridge is considered “unbalanced” when the liquidity on one side of the bridge is 10% lower than the other.
This can cause problems in which users might not have enough liquidity to execute swaps. To prevent this from happening, Swingby decided to reward all swaps that are executed from LOW liquidity side to HIGH liquidity side when the bridge is considered unbalanced. The reward is 0.3% of the total volume of the swap. This means that if you are executing a swap of 1 BTC (41k aprox) from low liquidity to high liquidity, you will receive a reward of $123 worth of swingby tokens with 0 risk. These tokens will be automatically sent to your wallet where swap was executed from.
Follow the Bridge Rebalancing Guide to earn with Swingby
- Go to skybridge.info and check for liquidity status
- The available liquidity is shown on the “Float” amount for each network.
- If the difference between the BTC Float amount and WBTC Float amount is bigger than 10%, you can execute a swap from LOW liquidity side to HIGH liquidity side and MAKE MONEY.
After executing the swap, Swingby will automatically send you the rewards in $SWINGBY ERC-20 to your wallet. Swingby’s BTC users can swap their Bitcoins via Swingby SkyBridge.
ABOUT Swingby Network
Swingby is a decentralized proof-of-stake network that uses the latest advancements in cryptography research to allow you to move your tokens onto other chains without a trusted part
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